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Dear Reader,

 

Today's overview of economic news and market action: 

 

  • Equity markets continued to move higher on both sides of the Atlantic yesterday …
  • Trading conditions were relatively calm amid a somewhat sparse data calendar …
  • Currency-wise, the dollar and yen were under pressure. However, the dollar recouped its losses overnight …
  • This sees EUR/USD open this morning near the midpoint of the $1.13-1.14 range …
  • GBP/USD is operating at the $1.33 threshold …
  • Elsewhere, EUR/GBP is changing hands in the lower half of the 85-86p corridor …
  • USD/JPY is up at the halfway mark of ¥143-144 …
  • Today’s macro calendar is light of any market moving releases …
 
Today's Opening FX Rates
 
      % Change Day* End 2024
EUR/USD 1.1346   0.07 9.59
EUR/GBP 0.8529   -0.16 3.09
GBP/USD 1.33   0.24 6.31
GBP/EUR 1.172    0.16 -3.00
*versus Previous Day's European Open

All rates quoted are indicative market rates.

 

 

 
 
 
 
Weekly Market Brief Market puts a guardrail on Trump
 
 

Following a tumultuous week on financial markets, with President Trump unwinding some tariff measures and ratcheting up others, uncertainty abounds, with little clarity on the future path of policy. However, as we discussed in our Weekly publication last Friday, the markets have found the pain threshold for the Trump administration and have potentially set a guardrail on future policy